Hengqin authorities have introduced a series of measures to promote the development of the e-commerce ecosystem, and e-commerce enterprises in the demonstration zone will benefit from financial support.
The highest rated zones now allow 30% of fixed asset investments up to RMB100 million (US$13.8 million/MOP110.87 million).
Regions that are still in the development stage can receive subsidies of up to 20 percent of fixed asset investment, up to a maximum of RMB 20 million.
In addition, the former zones will be able to receive operating subsidies of up to RMB 20 million per year, while the latter zones will be able to receive subsidies of up to RMB 5 million per year.
Businesses will benefit from various subsidies to reduce operational costs, including office space rental, cross-border network connectivity and real estate purchases.
In addition, you will also receive a one-time settlement incentive of up to RMB 20 million.
To support the establishment of cross-border e-commerce service providers, subsidies of up to 5% of service fees, up to 2.5 million yuan per year, will be provided.
In addition, financial assistance can be provided for overseas trademark registration for brand expansion overseas, establishment of independent platforms, leasing overseas warehouses, obtaining logistics insurance, and building product selection centers.
Given the growing trend of livestreaming e-commerce, support measures for this sector include provisions for the development of livestreaming e-commerce hubs.
Bases that meet the conditions can receive subsidies of 50 percent of the investment amount, up to 3 million yuan.
Human resource development is another key area of support.
The latest announcement mentioned cooperation between Macau and mainland Chinese companies and leading universities, with e-commerce training bases being eligible for a one-time subsidy of RMB 500,000.
To attract young talent from Macau, tailored training programs will be offered with annual subsidies of up to RMB 1.5 million.
Promising talents who complete accredited training courses and join companies in the cooperative zones can receive subsidies of up to RMB 2,500, with Macao residents receiving up to RMB 4,000.
To create a vibrant e-commerce atmosphere, event funding of up to RMB 3 million will be provided to organisations holding national e-commerce festivals, product selection events, and industry events with at least 500 attendees.
In addition, combined online and offline live streaming festivals held in cooperating zones or Macau can enjoy subsidies of up to RMB 500,000 for events lasting up to three days.
